National Bankshares, Inc. Declares Semi-Annual Dividend

BLACKSBURG, VA--(Marketwired - Nov 5, 2015) - The Board of Directors of National Bankshares, Inc. (NASDAQ: NKSH) today approved payment on December 1, 2015 of a semi-annual dividend of $0.61 per share to all stockholders of record as of November 17, 2015. The semi-annual dividend that was paid on December 5, 2014 was $0.58 per share.

James G. Rakes, Chairman, President & CEO, said, "We are pleased to provide our stockholders a return on their investment in the form of this cash dividend."

National Bankshares, Inc. is a financial holding company headquartered in Blacksburg, Virginia, with total assets of approximately $1.18 billion. It is the parent company of The National Bank of Blacksburg, a 124-year-old community bank with 26 offices throughout Southwest Virginia. Additional information is available on the Company's web site at www.nationalbankshares.com.

Forward-Looking Statements

Certain statements in this press release may be "forward-looking statements." Forward-looking statements are statements that include projections, predictions, expectations or beliefs about future events or results that are not statements of historical fact and that involve significant risks and uncertainties. Although the Company believes that its expectations with regard to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual Company results will not differ materially from any future results implied by the forward-looking statements. Actual results may be materially different from past or anticipated results because of many factors, some of which may include changes in economic conditions, the interest rate environment, legislative and regulatory requirements, new products, competition, changes in the stock and bond markets and technology. The Company does not update any forward-looking statements that it may make.